The average cost of a new residential furnace typically ranges between 3,500 and 7,500 dollars, including both equipment and professional installation labor, depending heavily on the heating capacity (BTUs), AFUE energy efficiency rating (ranging from 80% to 98%), fuel type compatibility (gas, oil, or electric), and geographical region. Entry-level 80% AFUE standard furnaces sit at the lower end of pricing, while premium modulating 98% AFUE high-efficiency condensing furnaces equipped with variable-speed blowers can easily exceed 8,000 to 10,000 dollars.
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